By Vismaya V. (DeCrypt). September 12, 2024.
The U.S. Securities and Exchange Commission (SEC) chair Gary Gensler has come under fire for allegedly hiring civil servants based on political affiliations—a violation of federal law.
The allegations come from a joint letter sent by the House Judiciary, Financial Services, and Oversight Committees. While the allegations don’t appear to overlap with crypto enforcement actions from the regulator, they do arrive at a time when firing Gensler has become one of Republican nominee Donald Trump’s campaign promises as he runs for re-election.
The letter, signed by Judiciary Committee Chairman Jim Jordan (R-OH), Financial Services Committee Chairman Patrick McHenry (R-NC), and Oversight and Accountability Committee Chairman James Comer (R-KY), calls into question the appointment of Dr. Haoxiang Zhu as SEC Director of Trading and Markets.
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